Women's Economic Self-Sufficiency Team Corp

aka WESST   |   Albuquerque, NM   |  www.wesst.org

Mission

Our mission is to be a home to entrepreneurs. We strive to provide a support system for our clients so they can successfully grow their business through market penetration, job creation, and capital accumulation. Our vision is to be a leader in growing businesses beyond New Mexico by expanding our services to a global audience through online learning tools that provide business and marketing information essential to planning, operating, and growing a successful business anywhere in the real or virtual world. Our core values are: •Innovation: We value above all our ability to serve our clients by constantly adapting program services so that client needs are effectively met in a constantly changing marketplace. •Integrity: We are committed to the highest standards of ethics, honesty and mutual respect in our internal and external relationships. •Quality and Excellence: We strive for superior performance in our communications, standards, processes, leadership, planning, programming and execution. •Accountability: We are committed to doing what we say will do so our various stakeholders are confident that WESST is a trustworthy organization making an economic impact in New Mexico.
WESST's service area encompasses the entire state of New Mexico, with regional offices located in Albuquerque, Farmington, Las Cruces, Rio Rancho, Roswell and Santa Fe. Over its 26 year history, WESST has served over 33,000 New Mexicans, facilitated the creation of 4,630 jobs and the start-up of 2,478 new businesses.

Ruling year info

1988

President

Agnes Noonan

Main address

609 Broadway Blvd. NE

Albuquerque, NM 87102 USA

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EIN

85-0367809

NTEE code info

Management Services for Small Business/Entrepreneurs (S43)

Management & Technical Assistance (S02)

Economic Development (S30)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Communication

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Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Training

Population(s) Served
Population(s) Served
Population(s) Served
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Population(s) Served
Population(s) Served

Where we work

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Awards

New Mexico Ethics in Business Award 2011

Samaritan Counseling Center

Women's Business Center of Excellence 2010

Small Business Administration

Ten Best Places to Work 2009

new mexico business weekly

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

WESST's mission is to be a home to New Mexico entrepreneurs. Our overall goal is to provide our clients a support system to successfully grow their businesses through market penetration, strategic use of technology, job creation, and capital accumulation. Another significant organizational goal is to design our programs to meet the needs of women, including low-income, minority women. WESST is distinguished as the only statewide organization in New Mexico that offers a comprehensive continuum of business development services.

For many New Mexicans, business ownership is an effective way to create a pathway out of poverty. WESST serves primarily low-income women who need relevant training and consulting and (in some cases) affordable business loans to execute their ideas profitably and sustainably in an extremely dynamic market environment. The business and financial literacy gained by WESST clients helps them make better financial choices, plan for the future, spend wisely and manage unanticipated events, not just on behalf of their businesses but their families too. Further, many create jobs in their communities. This boosts local economies through recirculation of wages and profits.

WESST assists new and established businesses through a variety of services and programs including:
• comprehensive training and consulting
• low-interest loans
• business incubation
• specialized initiatives

WESST's core training expertise has developed over the last 10+ years. Since the early days of e-commerce, we made an organizational commitment unique in our sector to guide small businesses through a rapidly changing, tech-driven marketplace. Our clients trust WESST as a qualified ally without financial motive. Training programs address a range of critical issues from market research, product pricing, and online visibility (Search Engine Optimization, mobile and social media marketing) to business planning, product distribution and sales. WESST's qualified staff and network of advisors also offer one-on-one consulting in personnel management, legal structures, intellectual property, strategic planning, and more.

WESST's Loan Fund extends low-interest loans to individuals ineligible for bank financing. Loan officers work closely with clients to help them increase profitability by cutting costs, re-evaluating pricing structures, and constructing realistic financial statements.

The WESST Enterprise Center is a mixed-use business incubator in downtown Albuquerque offering state-of-the-art amenities and business assistance to 20 manufacturing, service, and technology businesses. WESST customizes support to accelerate growth and encourage long-term success. The facility is currently 100% occupied.

WESST's adult and youth Individual Development Account programs combine financial literacy training with a custodial savings account that matches participant savings. To date, more than 300 low-income participants have reached their savings goal. Of these, more than half are utilizing their savings to start a small business. The Refugee Microenterprise Program is a business development/loan initiative targeted to political refugees relocated to New Mexico.

For 26 years, WESST has been fighting inter-generational poverty by helping New Mexican and Navajo residents earn sustainable income through entrepreneurship. WESST is a 501(c)(3) network organization that facilitates the start-up and growth of small businesses throughout New Mexico. Managed from its headquarters in Albuquerque, President Agnes Noonan has overseen the growth and development of the organization since 1991. Services are offered statewide through six regional offices in Albuquerque, Farmington, Las Cruces, Rio Rancho, Roswell and Santa Fe. The www.wesst.org website is an award-winning gateway to services, events and news, and an online hub of free resources to assist entrepreneurs in numerous aspects of operating a small business.

Our core values shed light on WESST's internal culture and capabilities as an effective economic development organization serving a wide variety of New Mexico small businesses.

Innovation: We value above all our ability to serve our clients by constantly adapting program services so that client needs are effectively met in a constantly changing marketplace.

Integrity: We are committed to the highest standards of ethics, honesty and mutual respect in our internal and external relationships.

Quality and Excellence: We strive for superior performance in our communications, standards, processes, leadership, planning, programming and execution.

Accountability: We are committed to doing what we say we will do so that our various stakeholders are confident that WESST is a trustworthy organization making economic impact in New Mexico.

A study conducted by the NM Mid-Region Council of Governments attributes WESST's economic impact in New Mexico from 2010-2014 as a support system for small business development which has directly resulted in:
-1,232 new jobs created
-228 business starts
-$238.6 million in sales revenues
-4,734 clients served
-37,047 consulting hours
-10,876 training participants served statewide.

Our client demographics for this 2010-2014 time period includes: 64% female; 64% low-income; and 53% minority (predominantly Hispanic and Native American).

WESST remains fully committed to local economic development and women's economic empowerment by building the capacity of small businesses. We are the only organization in New Mexico dedicated to women-owned businesses. In addition, over 70% of WESST's clients are classified by federal guidelines as low or very low-income.

WESST is a pioneer among the Small Business Administration's network of Women's Business Centers and has been consistently identified as a premier grassroots economic development agency. Of special note, WESST was identified by the Kauffman Foundation as one of 13 national best practice programs in the area of “Capital Access for Women" in 2007.

We are currently expanding our bilingual capacity statewide to better serve our growing Spanish/LEP population, including immigrants from predominantly Latin American countries, working in partnership with other community programs that support the immigrant and LEP communities throughout our state.

Financials

Women's Economic Self-Sufficiency Team Corp
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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Women's Economic Self-Sufficiency Team Corp

Board of directors
as of 09/23/2016
SOURCE: Self-reported by organization
Board co-chair

Angela Anderson

A. Anderson Consulting


Board co-chair

Molly Bell

Rio Grande, Inc.

Sally Adams

Sallyon

Rebecca Avitia

National Hispanic Cultural Center

Michael Bickel

Bank of Albuquerque

Linda Kier

US Bank

Mark Napolin

Mark J. Napolin and Associates, Inc

Agnes Noonan

WESST

Laurel Shelton

REDW, LLC

Scott Czarniak

Bank of the West

Cara Potter

Gordon Electric Supply, Inc.

Debora Ramirez

Modrall Sperling

LeeAnna Fresquez

Fresquez Concessions, Inc.

Perry Bendicksen III

Rodey, Dickason, Sloan, AKin and Robb, P.A.

Molly Bell

Rio Grande, Inc.

Chris Olson

PNM Generation

Ryan Parker

Wells Fargo

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes